First of all we are going to take $7.25 and multiply it by 3 here is the math
7.25 x 3 = 21.75
so this means he makes 21.75 dollars a day.
since there are 365 days a year. Now i'm not saying he worked every single day but the question does not say other wise
so we would take 21.75 and multiply it by 365 heres the math
21.75 x 365 = 7,938.75
this means he makes 7,938.75 dollars a year!!
your welcome
merry christmas
Answer: Aproxamatly 18.999999999999999
Step-by-step explanation:
Answer:
interest rate is 38.68 %
Step-by-step explanation:
Given data
installment = $60
time = 36 months = 36/12 = 3 years
principal = $1000
to find out
interest rate
Solution
we know student pay $60 for 36 months
so he pay total = 60 × 36 = 2160
total amount pay by student = $ 2160
so we can find interest rate by given formula
rate = (1/time)(amount/Principal - 1)
put the value time amount and principal here
rate = (1/3)(2160/1000 - 1)
rate = 0.386667
interest rate is 38.68 %
Answer:
Yes
Step-by-step explanation:

Answer: Option (c) is correct. Rate of interest = 6% p.a.
Step-by-step explanation:
Given that,
principal amount = $2000(loan)
time period = 284 days
interest amount (SI) = $93.37
we have to calculate the rate of interest (i),
Simple interest(SI) = principal amount × rate of interest (i) × time period
93.37 = 2000 × i ×
i = 
i = 0.06
i = 6%